Trump Caught Moving Money Around to Pay Massive Tax Bill

[riversedge]

Source: daily beast




HIGH WIRE TRANSFER

Trump wasn't supposed to be moving significant amounts of money around without notifying a court-appointed auditor. He just got caught paying himself so he could pay his taxes.


Jose Pagliery Published Nov. 29, 2023 4:46PM EST

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Trump isn’t supposed to be moving any money around without alerting Barbara S. Jones, a former federal judge in New York tasked with babysitting the Trump Organization for its relentlessly shady business practices. But on Wednesday, she notified a New York state court about some major bank transfers that were never brought to her attention by the Trumps.

Jones described the way she discovered the Trump family company once again breaking the rules during an audit of its finances in recent months. In the run-up to the ongoing bank fraud trial that threatens to vaporize the real estate company and boot the Trumps from the business world, Justice Arthur F. Engoron ordered the company to not start shifting around funds to avoid paying what’s becoming an increasingly threatening massive penalty.

That meant the Trumps had to notify Jones anytime they moved more than $5 million out of the billionaire’s massive trust. Except they didn’t.

Jones said she and her team recently spotted unusual activity when reviewing 10 months of bank statements from 12 separate accounts belonging to the Donald J. Trump Revocable Trust. They found that Trump had pulled out $40 million in “three cash transfers” without ever notifying her....................

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Read more: https://www.thedailybeast.com/trump-caught-moving-money-around-to-pay-massive-tax-bill

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Why am I not surprised at Trump breaking the rules ones AGAIN!




Donald Trump just got caught quietly shifting around $40 million. But his explanation is wild.

He apparently paid a whopping $29 million in taxes--plus a ton related to losing his rape trial.

Link to tweet

?s=20

[Timewas]

1. BAU

Business as Usual for that group...

[twodogsbarking]

2. He might be lying.

[bluestarone]

3. NO rules apply to him, cause he's GAWD'S CHOSEN.

Just ask him. Throw the book at this monster.

[vapor2]

4. So any consequences for the Grifter?

[tinrobot]

30. The court could freeze his assets to start.

The court can then decide which transactions are allowed.

Past that, when the penalty phase happens - the court can fine Trump $40 million personally. He'll have to pay it back to the company on top of the fines levied against the company.

Might also be a contempt of court charge in there.

[PortTack]

37. Yes yes..please

[Pas-de-Calais]

5. Can more frequent audits be done?

[riversedge]

6. That would be up to the Judge I think.

[ProfessorGAC]

8. I Think There Will Be Now!

And, yes they could audit more frequently, plus they have cause.

[Marthe48]

16. 2 or 3 audits a day

might catch some of the crimes

[2naSalit]

7. Oh my!

[truthisfreedom]

9. Yawn. Tell us when he does something new

Or when he has to pay for his crimes. Otherwise, boring grifter is boringzzzzzzzzz.

[rurallib]

10. Trump paid taxes??? Now that is news

But I won't believe it until I see the receipts

[ZonkerHarris]

31. My thought too. He actually paid what he was supposed to maybe? Instead of tax cheating.

[DFW]

33. If these were taxes that would land him an arrest for tax evasion if left unpaid

Then of course he'll do whatever in necessary to get them paid.

As to where the money really came from, my guess is that most of it came from a couple million $17 and $42 contributions from Trumpanzees who still believe, and the rest from other Republican donor sources. I doubt a cent of it came from his own money, assuming there is, in fact, any such thing.

[Blue Owl]

11. Billionaire my ass

[japple]

15. Never was, never will be.

n/t

[Kennah]

29. Not even in Rubles

[DFW]

32. The eternal question

If you borrow $3 billion and owe $5 billion, are you a billionaire?

Answer: you are as long as you can get away with not paying your debts.

A bank higher-up who approved the (obviously shaky) loan in the first place will, for reasons that should be clear, not be eager to declare the loans as bad, because then the bank would have to remove them from their asset balance. On the other hand, if the bank can maintain the fiction that they fully expect the loans to be repaid, the bank won't have to deduct the bad loans from their asset sheet. Since some top manager pulling in seven figures a year doesn't want to be demoted to receptionist at age 58, he will cover his ass for as long as he can, and until this stops, Trump can still claim he has billions of dollars, even though none of it is really his.

[Beachnutt]

12. And he still walks free,

Court orders and laws do not apply to him.

[EarthFirst]

13. I won't hold my breath on consequences levied...

Maybe a $5 fine is in order…

Ridiculous.

[Novara]

14. He's not paying taxes. He's paying himself.

[JT45242]

17. Must be great to do white collar crime...

Had he stolen a couple grand from a gas station or a fast food joint he'd go to jail for a long time. Steal millions you get the threat of limited gag orders

[PSPS]

18. Who cares? He'll never face any consequences anyway.

[AllaN01Bear]

19. robbing peter to pay pay paul eh? snork

[Generic Brad]

20. He could not have done this without bank assistance

His bank should have had a fraud warning on his account that would have prevented these transfers from happening. And if they did have those warnings bypassed it could only have been done with approval of an executive. Their facilitation of this is nothing short of criminal.

I'm sick of him and his enablers.

[3auld6phart]

21. Meanwhile

His idiot maggoty followers keep sending that slob o f orange/ porcine eyed shit stained freak money. Gawd damn fools.

[republianmushroom]

22. Oh damn, well what is the court going to now. Another order violated.

IMO they will do nothing, as usual, for the court.

[LiberalFighter]

23. $5 million was amount? Geesh!

[Orrex]

24. I'm sure he'll get a stern suggestion that he try not to do it again too often.

[NBachers]

25. This is their walking-around money. What's been done that we don't see or hear about?

[sarcasmo]

26. Breaking the law 365

[LudwigPastorius]

27. Regulations, laws, court rulings, the Constitution...

None of those things apply to him, in his mind.

And, why would he think differently? He has never had to deal with the serious consequences of disobeying them.

Let's hope that Jack Smith educates that traitorous, orange, fat piece of shit.

[Oneironaut]

28. Whoopdedoo. He can do anything with no recourse anyways.

He’s above the law until proven otherwise.

[Elessar Zappa]

38. Well, he's under four current indictments with 91 pending charges.

That’s not being above the law.

[LymphocyteLover]

42. of course the fear is he will evade those charges, like he's evaded serious responsbility

his whole god-forsaken life

[Grasswire2]

34. someone suggests on twitter that he is moving the money to test the reaction

See how much he can get away with.

[LymphocyteLover]

41. Isn't that what he does every single freaking day?

[Captain Zero]

44. He doesn't mind the reaction. He is oppositional defiant. It's a symptom of all his mental disorders.

nt

[moniss]

35. The fact this happened is pure

horsesh*t. That court ordered monitor should have demanded to know all checking and investment accounts and then gone to each one with a copy of the judges order and required each one to notify her immediately of any transfers above the limit set by the court. To not do so from the very beginning is to basically say "We know you have a long history of telling lies, fraudulent activity etc. and so we feel comfortable in trusting that you will be honest and truthful with us, this 10,000th chance you're being given, and that you will comply with the court and not be naughty."

[Demovictory9]

36. He breaks every rule

[Grammy23]

39. He breaks every rule and

Does it openly, brazenly and then laughs about it.

He (and his family) will be analyzed from now on by criminologists, psychologists and sociologists. Before his life of crimes is ended, we’ll continue to see crime after crime revealed. Have we ever seen such a man ever seduce so many people into believing his lies and accept them as truth? And to think he was elected to be POTUS. And after all he has done can still expect a huge number of idiots to cast their ballots for him. Shaking my head……

[Alpeduez21]

40. This time the courts will REALLY give his lawyers a talking to. n/t

[Owens]

43. And nothing will happen

All the judges are afraid of him.

[SouthernDem4ever]

45. sigh

I hope one of these days the courts "really" do something about all this.